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EVs: Companies

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EVs: Companies
Stay updated on China’s booming electric vehicle industry, a key driver of global EV adoption and sustainability efforts.
Healthcare and life sciences are the top growth prospects over the next three to five years, according to multinational corporations. Photo: Xinhua
Banking & finance

Global firms turn to M&A in EVs and biotech to deepen China investment: KPMG

Survey of multinational corporations finds optimism in life sciences, healthcare and manufacturing, with half forecasting revenue growth.

Electric & new energy vehicles

China’s approval for L3 self-driving cars to stimulate slowing mainland market

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Volkswagen

Can Volkswagen regain its China market share with its US$3.5 billion bet?

Electric & new energy vehicles

Tesla’s China plant sees shipment surge ahead of subsidy expiry

However, the rebound may not be sufficient to help the company reclaim lost ground in China, an analyst says.

A Tesla logo seen on a Model 3 electric car. Photo: AFP
China manufacturing

Germany’s China playbook: if you can’t beat them, partner up

More than half of surveyed German firms plan deeper ties with local partners in China to match the rapid innovation cycles of domestic competitors, the German Chamber of Commerce has found.

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Electric & new energy vehicles

Tesla affirms confidence in Chinese partners, repudiates supplier ban

American EV maker says rigorous standards – not geographic origins – guide its vendor choices.

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Xiaomi

Xiaomi open-sources AI model spanning autonomous driving and robotics

EV and AI initiatives have become an increasingly important part of Xiaomi’s business.

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A Xiaomi car seen outside the company’s electric vehicle factory in Beijing. Photo: AFP
US-China trade war

China’s EV parts could be in Tesla’s crosshairs – is a total ‘de-risk’ feasible?

Tesla’s reported strategy may have some success but China’s manufacturing edge makes broader decoupling impractical, analysts say.

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Electric & new energy vehicles

Xiaomi reaffirms safety focus after raising 2025 sales target to 400,000 units

Safety is a foundation and a priority, founder and CEO Lei Jun says after Xiaomi’s 500,000th EV rolls off Beijing assembly line.

Made in China 2025

Chinese EV makers accelerate robotics drive for ‘game-changing’ edge over US

Xpeng, Cherry and others expand beyond cars, with humanoid robot Iron winning praise from Tesla CEO Elon Musk.

Xpeng’s humanoid robot Iron relies primarily on visual data for training and decision-making. Photo: Shutterstock
Electric & new energy vehicles

Volkswagen bets on EV developed with Xpeng to regain ground in China

The ID Unyx 08 has received government approval to begin production and is expected to enter the market in 2026.

Volkswagen’s fully-electric SUV, the ID Unyx 08, co-developed with Xpeng. Photo: Xpeng
Electric & new energy vehicles

Tesla and global carmakers race against Chinese EV rivals at expo

At CIIE, global brands like Tesla and Volkswagen are under pressure to win back market share from local competitors.

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Electric & new energy vehicles

China’s Xpeng touts driverless cars with Alibaba’s Amap to take on Tesla

Company promises three robotaxi models, a humanoid robot and flying cars leveraging a new vision-based AI model.

IPO

Chinese EV maker Seres’ shares close unchanged in lacklustre Hong Kong debut

Trading under the stock code 9927, Seres’ shares fell as much as 10.3 per cent before closing flat at its IPO price of HK$131.50.

Seres’ Aito M9 has become the bestselling luxury vehicle in China. Photo: Costfoto/NurPhoto via Getty Images
Electric & new energy vehicles

Chinese EV maker BYD’s sales surge in Europe, narrowing gap with Tesla

New-car registrations in Europe in September jump nearly fivefold from a year earlier to just under 25,000.

BYD cars sit in a lot in a port area of Wilhelmshaven, Germany, on October 25, 2025. Photo: DPA
China-EU relations

As China’s EV boom makes the EU anxious, is it too late to work together?

Decades after their first joint venture, EU carmakers fear losing their markets to China’s upstarts. Is it too late for them to work together?

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China Future Tech briefing

EVs | China’s robotaxis lead race into overseas markets

Apollo Go, Pony.ai and WeRide are all expanding beyond China and into the Middle East and Europe, giving them a head start over potential US competitors.

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Asean

Opinion | How China is engineering Asia’s rise as the world’s leading EV factory

Systematic Chinese investments and tech transfers are being embraced, especially in Southeast Asia, in contrast to Western decoupling efforts.

Electric cars are seen inside BYD’s factory in Rayong, Thailand, on July 4, 2024. Photo: Reuters
China-Latin America relations

BYD opens massive Brazil plant, its biggest investment outside Asia

Built on a former Ford site, BYD’s Bahia plant is expected to create 20,000 jobs and cement its 74 per cent share of Brazil’s EV market.

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Electric & new energy vehicles

Xiaomi takes on Porsche with customised luxury EVs in China

The Chinese EV maker has started a bespoke service that adds at least US$14,000 to the sticker price of an SU7 Ultra EV.

Electric & new energy vehicles

Exclusive | Chinese carmaker poised to unveil Hong Kong’s first EV assembly

The Grand Tourer, designed for high-speed, long-distance journeys and priced above US$100,000, will be produced in Tai Po, sources say.

Backed by Renault, BeyonCa is a new premium electric car brand based in Hong Kong. BeyonCa’s first model is the GT Opus 1. Photo: Handout
Banking & finance

Chery, China’s second-biggest carmaker, soars in Hong Kong debut

The stock has jumped nearly 14 per cent before retreating due to profit-taking.

A Chery electric vehicle on display during the Shanghai Auto Show in April. Photo: EPA-EFE
Electric & new energy vehicles

Xiaomi recalls nearly 117,000 SU7s after fatal crash in China

The company says it will address flaws in its driver-assistance system through an over-the-air software update.

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Banking & finance

Shares in Chinese lidar-sensor maker Hesai rise in Hong Kong debut

The dominant maker of the key sensors in self-driving cars announced a US$40 million deal with a US robotaxi firm on Monday.

Ant Group

Ant Group-backed Hello unveils robotaxi to challenge Baidu in China

The firm plans to deploy 10,000 self-driving taxis in more than 10 cities next year, and expand to 50,000 vehicles globally by 2027.

Shanghai-based Hello has launched a robotaxi. Photo: Handout
BYD

BYD executives buy shares in the EV maker a show of confidence

A total of 37 executives bought 488,200 A shares to ‘display their continued optimism about the investment value of the company’.

BYD reported a 30 per cent drop in second-quarter profit as steep discounts on the mainland squeezed its profit margin. Photo: Xinhua
HKEX

HKEX reforms have made city world’s top fundraising hub for EV makers: official

The market cap of new energy and EV companies in Hong Kong has grown sixfold in 10 years to US$806 billion, Salina Yan says.

Electric & new energy vehicles

China’s EV makers face uphill task to meet 2025 break-even target

From Nio to Xpeng and Zeekr, China’s EV start-ups have been reporting smaller second-quarter losses as discounts lured more buyers to battery-driven cars.

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